Closing a business loan often brings a sense of relief and excitement as you obtain the funds you need to grow your business. However, it is not uncommon to find yourself overwhelmed after a few months or years, realizing that you have done more than you can handle. With more than a third of Europeans struggling with overdue debt and the risk of default, it's crucial to take immediate action when you're behind on your loan repayments. This article provides essential information about bad debts, defaults, and practical strategies to protect yourself and minimize associated damages.
